The United Kingdom and Canada have released a joint statement confirming that Britain will not join Canada's proposed defence bank. The decision follows reports from multiple sources, including the Financial Times, Reuters, and GOV.UK, which highlighted the divergence in defence financing roles between the two nations. The joint statement from HM Treasury and the Department of Finance Canada, published on GOV.UK, underscores the split in their defence financing strategies. This development comes as part of ongoing discussions and strategic shifts in defence financing between the two countries.